Veterinary Pet Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall profitability index (6.6) despite operating losses during 2020. Excellent expense controls. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.9) despite excessive premium growth and negative cash flow from operations for 2024. Other stability subfactors include potential support from affiliation with Nationwide Mutual Group, good operational trends and excellent risk diversification. Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
CA, OH
Principal Investments:
Investment grade bonds (85.5%), other (14.5%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
--
Company Address
101 California Street
San Francisco, CA 94111
San Francisco, CA 94111
Phone Number
(714) 989-0555
NAIC Number
42285
Website
Largest Affiliates